Investec Structured Property Finance, part of Investec, provided a £107 million loan to a South African investor being represented by London-based Pembrey Asset Management Ltd to acquire an office in London at One Bartholomew Lane. The Korea Investment Corporation (KIC) is the ultimate owner of the office and is selling it through Hines UK, part […]

LONDON/NEW YORK (Reuters) - Turmoil on financial markets is expected to deepen layoffs and accelerate acquisitions in the fund management industry. BlackRock , the world's largest money manager, and industry No. 3 State Street announced job cuts this month after the worst year for many stock indexes since the financial crisis and losses across most other financial assets. Hedge funds AQR Capital and Balyasny Capital took similar steps. "It will be a common industry trend," said Kyle Sanders, an analyst with financial services firm Edward Jones.

PepsiCo, one of the world's leading food and beverage companies, and The Global FoodBanking Network (GFN), a nonprofit organization that develops and supports food banks in more than 30 countries, delivered more than 85 million servings of fresh food to communities in need in 2018 as part of their partnership to strengthen food banks around the world.

In the last few years, initial public offerings (IPOs) have been a favoured route for PE/VC investors to exit. However, as IPOs took a hit in 2018, attraction of public issues as an an exit route has significantly reduced.

Chhattisgarh requires about 700,000 tonnes of rice under the public distribution system. : The Chhattisgarh government has urged the Union government to enhance its contribution to the central rice pool over the state's surplus produce against the target set for the 2018-19 kharif season. The paddy flow in government societies increased last month after the Congress government came to power. The party had promised to increase the minimum support price (MSP) of paddy to Rs 2,500 a quintal if voted to power. The state government has been procuring paddy at the MSP through the primary cooperative societies.

Private-equity giant Apollo Global Management LLC (TICKER:APO) is in advanced talks to acquire RPC Group PLC, one of Europe's biggest packaging companies, for more than $3.8 billion, according to people familiar with the matter.

A $15 million gift to UCSF Benioff Children's Hospital Oakland by Marc and Lynne Benioff will address the acute shortage of mental health services for children and adolescents in Oakland and the East Bay.

Private equity company Apollo Global Management is in advanced talks to buy Europe's biggest plastics packaging maker RPC Group for more than US$3.8 billion, the Wall Street Journal reported on Monday.